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panetta spoke at a pentagon farewell ceremony. he talked about north korea and called on congress to end the uncertainty posed by pending budget cuts known as sequestration. mr. panetta will stay in his position until his successor is confirmed. president obama has nominated former senator chuck hagel to be his replacement. this is half an hour. [applause] >> halt. present. halt. ♪ o say can you see by the dawn's early light snule what so -- what so proudly we hailed at the twilight's last gleaming whose broad stripes and bright stars through the perilous fight o'er the ramparts we watched were so gallantly streaming and the rockets red glare the bombs bursting in air gave proof through the night that our flag was still there o say does that star spangled banner yet wave oaer the land of the free and the home of the brave ♪ >> please be seated. >> ladies and gentlemen, the director of administration and management, mr. michael rhodes. >> well, welcome, everybody. thank you very much for being here today. as we have an opportunity for the secretary's farewell address to the pentagon c
federal government except the pentagon. all of a sudden the last couple of months hitting this arbitrary political target is vital. what is vital, as i said, is having a deficit strategy that's consistent with sound economic growth and making sure that we strengthen the middle class and that means as a first step to make sure that our deficits, as the economy improves, as we grow, that our deficits are not growing faster than g.d.p. and that we stabilize the debt as a percentage of g.d.p. because if you don't, as the economy improves, higher government borrowing -- we need to adopt that strategy and adopt it now. have it kicked in over a period of time. we just got very good news that the rate of per capita increase in health care costs is actually at the lowest level of 50 years. we need to continue to adopt strategies to keep that -- those costs increase low. as as demographic changes means baby boomers retire and we clearly need to keep working on those issues. but let me just sum up where we are in terms of our deficit reduction targets. over the last little over two years we have no
of those confirmed by the pentagon, making him the mosley that will sniper in american history. one thing about that is that chris was very unassuming and i remember knowing a little bit about his background but then meeting chris for the first time and how humble he was and how down to earth he was. he didn't really talk about records, he talked about people. he talked about what his job was, was to protect his fellow soldiers. his ability in the battlefield was unmatched. his longest shot came in 2008 when he identified an enemy insurgent that was about to launch a rocket near an army convoy. from 1.2 miles away, he fired his .338 magnum rifle and killed the insurgent, potentially saving the lives of countless americans. chris was rewarded -- awarded countless honors for his various he earned two silver starks five bronze stars, two navy and marine corps achievement medals and one navy and marine corps commendation. he was admires by people really all over the country. on this monday, about 7,000 or 8,000 people gathered in the dallas cowboys stadium in dallas, texas, to come and pay th
, fraud and abuse going on at the pentagon. i can't for the life of me figure out how we can budget when the single largest discretionary item on our budget cannot be audited. we need them to have an audit to know where our tax dollars are going and set priorities. let me ask you about the c.b.o. report on the american recovery and investment act. i would like to ask you, mr. director, can you explain how our government's targeted investment and the american people and in our nation's critical infrastructure, how that created jobs and how it helped to begin to grow the economy. and also if we invested in a program that provided coordinated benefits and social services that listed the long-term economic stability and incomes, say half the families living in poverty, what impact would that have overall in terms of our economic growth? >> as you know, we have estimated consistently for the past four years that the recovery act taking effect at the time it did with the economic circumstances that the country faced, increased output and jobs relative to what would have happened in the absence
Search Results 0 to 3 of about 4